January 16, 2019 | International, Aerospace
Isotropic's approach to next-generation integrated terminal creates profound change in terminal economics and performance to unlock the satellite industry's full potential
LONDON, Jan. 16, 2019 /CNW/ - Isotropic Systems Ltd., the next-generation integrated satellite terminal solution provider, today announced a $14 million Series A round of funding led by Boeing HorizonX Ventures, with participation from WML, Space Angels and Space Capital.
"The Series A financing builds on an exceptional year for Isotropic which saw a rapidly growing roster of strategic partners and customers who are poised to unlock the full potential of high-throughput satellites and mega-constellations across all orbits," said John Finney, founder and chief executive officer of Isotropic Systems. "Boeing's investment provides our team access to Boeing experts, testing labs, and other valuable resources to fast-track the deployment of our terminal solutions and to leverage our intellectual property across other space-based and wireless connectivity applications."
Leveraging a transformational optical beamforming technology to control the direction of radio waves, Isotropic Systems has developed communication terminal solutions that are significantly more cost-effective, use significantly less power and yet achieve superior performance benefits for the end users. The substantial reduction in cost and power combined with improved performance result in newly-addressable markets and enable mass adoption of satellite communications.
"Isotropic's solution allows for increased capabilities at reduced costs for satellite service providers," said Brian Schettler, managing director of Boeing HorizonX Ventures. "This investment accelerates the expansion of space-based connectivity services to the mass market and continues Boeing's leadership in space innovation."
This new funding will allow Isotropic to accelerate the commercialization of its technology to benefit its satellite operator customers and to leverage its technology to explore new applications in adjacent markets.
Read the Boeing HorizonX Ventures press release for more information regarding this announcement.
About Isotropic Systems
Isotropic Systems is developing the world's first multi-service, high-bandwidth, low power, fully integrated high throughput terminal designed to support the satellite industry to 'reach beyond' traditional markets and acquire new customers with a full suite of high throughput services. The company's team of industry experts and scientists has pioneered several firsts in satellite terminal design. For more information visit http://www.isotropicsystems.com. Visual media assets available here.
About Boeing HorizonX Ventures
Boeing HorizonX Ventures targets investments that help scale startup innovation in aerospace. Its portfolio includes companies specializing in autonomous systems, additive manufacturing, energy and data storage, advanced materials, augmented reality systems and software, machine learning, hybrid-electric and hypersonic propulsion and Internet of Things connectivity.
About Boeing
Boeing is the world's largest aerospace company, the leading manufacturer of commercial airplanes and defense, space and security systems, and a major provider of commercial and government aerospace services. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in more than 150 countries.
SOURCE Isotropic Systems Limited (ISL)
June 11, 2021 | International, Naval
PASCAGOULA, Miss. — Huntington Ingalls Industries’ Ingalls Shipbuilding division has been awarded a contract with a potential total value of $724 million for planning yard services in support of in-service amphibious ships, the company announced June 8. “Ingalls has a...
September 20, 2018 | International, Aerospace, C4ISR
By: Brandon Knapp The Defense Advanced Research Agency announced an $8 million contract modification for the University of Southern California's Information Sciences Institute to work on a program that develops circuits that be quickly adapted rather than wholesale reinvented. The work is part of DARPA's Circuit Realization at Faster Timescales (CRAFT) research program. The modification brings the total value of the contract to $28 million, according to a Sept. 17 announcement from the Pentagon. The program is designed to dramatically shorten the design cycle and the expense numbers for custom integrated circuits, which are essential in a wide variety of military equipment such as drones and tactically useful 3D imagery production. Currently, it can cost up to $100 million and take more than two years to design these circuits, according to a DARPA release. The CRAFT program aims to cut that timeline down to a matter of months. “Reducing the time and cost for designing and procuring custom, high-efficiency integrated circuits, should drive more of those in the DoD technology community toward best commercial fabrication and design practices,” CRAFT program manager, Dr. Linton Salmon in a program information release. “A primary payoff would be a versatile development environment in which engineers and designers make decisions based on the best technical solutions for the systems they are building, instead of worrying about circuit design delays or costs.” Work will be performed by USC in Marina Del Ray, California, with an expected completion date of December 2019. DARPA has been working on the program since 2015. https://www.c4isrnet.com/industry/2018/09/19/darpa-contract-aims-to-design-circuits-in-months-not-years
July 24, 2020 | International, Aerospace
By: Valerie Insinna WASHINGTON — Boeing, Northrop Grumman, General Atomics and Kratos will move forward in the Air Force program to build an AI-enabled drone wingman known as Skyborg. Each company Thursday was awarded an indefinite-delivery/indefinite-quantity contract worth up to $400 million, but no seed money was immediately allocated as the firms will have to compete against each other for future orders. Through the Skyborg program, the Air Force wants to field a family of unmanned aerial systems that use artificial intelligence to adapt to battlefield conditions. The Skyborg drone should be cheap enough where the loss of aircraft in combat could be sustained, yet survivable enough so that it could move into a high-end fight and function as a wingman to manned fighter jets. “Because autonomous systems can support missions that are too strenuous or dangerous for manned crews, Skyborg can increase capability significantly and be a force multiplier for the Air Force,” said Brig. Gen. Dale White, who leads the Air Force's program office for fighters and advanced aircraft. “We have the opportunity to transform our warfighting capabilities and change the way we fight and the way we employ air power.” Air Force acquisition executive Will Roper has said that Skyborg could eventually become smart enough that, like R2-D2 in the Star Wars films, it can autonomously present information and conduct tasks to help decrease fighter pilot workload. The system learns from prior experiences how best to support human pilots. But in the near term, the Air Force wants to use the Skyborg program to integrate an autonomous air vehicle with open mission systems as a way to demonstrate that it can team with a manned fighter, the service said in a statement. “Autonomy technologies in Skyborg's portfolio will range from simple play-book algorithms to advanced team decision making and will include on-ramp opportunities for artificial intelligence technologies,” said Brig. Gen. Heather Pringle, the Air Force Research Laboratory commander. “This effort will provide a foundational government reference architecture for a family of layered, autonomous, and open-architecture UAS.” https://www.defensenews.com/unmanned/2020/07/23/four-companies-got-contracts-to-build-the-air-forces-skyborg-drone